Rental listing prices jump on hundreds of apartments during broker fee ban: report

The industry predicted that banning tenant-paid broker fees could lead to rent increases, and a new analysis finds it did — in 438 cases. The findings from listings platform Localize.city show a dramatic increase in asking rents on those units during the period earlier this month when New York Department of State regulators banned tenant-paid broker fees. The analysis found that the sharp rent hikes happened during the week of Feb. 3 — when The

source https://therealdeal.com/2020/02/20/rental-listing-prices-jump-on-hundreds-of-apartments-during-broker-fee-ban-report/